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PACE Financing Video Intro

This video is the 101 intro used to help homeowners understand PACE Financing. Enjoy!

[Transcript]

Let’s say you want to lower your power bills by improving your home, like insulation, solar panels, or more efficient furnace. City run PACE programs, are the way to finance these projects without taking out an equity loan. What PACE does is add the cost of the improvements to the property tax bill of your home over several years. PACE stands for Property Assessed Clean Energy.

PACE programs usually have small or no upfront costs making the home improvement easier to swallow. Paying for these particulequities particularly bill’s PACE program; it saves you more money in your power bill than the increase into their property tax bill.

In other words, it’s a day one savings nobody knows investment for your home. It’s super easy when you sell your home because the improvements go with property tax bill. Also PACE financing does not require credit check set aside your property tax bill I could say pretty good make it sure they could pay, so the financing is very secured.

How PACE program benefits society?

Pace program creates more jobs for contractors. With your job cannot be exported overseas. Since, the Financing is so secured. The city is able to risk money for it, meaning the program do not have even any other city program is on their budget.

Finally, PACE program self accelerate America to be a leader of green home technology.

PACE Energy Resources

Where can I find more information on PACE?

These resources should get you started:

  • PaceNow.org – non-profit promoting PACE financing.
  • Wikipedia Guide to PACE – A great deal of background information on property assessed clean energy.
  • DSIRE Solar Portal – Highly technical information for those seeking to dig into the details.
  • 1BOG PACE Info and Video – Highly informative video and support for people looking to talk to a real human about solar power (and potential get a good deal on home solar).

In general, the best source of information will always be your local solar installer, or local government agency that deals with renewable energy policy. Any installer will be able to tell you more about the options available in your city and state.

General Solar Information

Future of PACE Financing

The Future of PACE Financing in America

With the increasing need to conserve energy and to cut energy costs locally and internationally and the varied benefits associated with pace financing, the future of the program can only soar higher by registering nation-wide if not global implementation. Other than financing million dollar projects, the momentum in the uptake of pace financing is anticipated to accelerate. This is as majority of people across the nation continue to regard the program as the most ideal energy financing option.

What makes pace financing a unique and a sustainable solution to the problems of solar financing is that while the program finances million dollar projects (which generate additional revenues to the economy), the long duration of time it takes to repay the assessments are long enough to generate substantial energy savings. These energy savings can then be used to pay for the charge without property owners having to pay for it from their own pockets, which mean more money for them.

It seems there is no stopping for pace financing, which comes as great news for the numerous organizations, people and firms, who desire to not only see but implement efficient and sustainable clean energy financing solutions. The future of pace financing brings with it significant reduction of greenhouse gases, greater energy efficiency and reduced dependency on non-renewable energy such as fossils and oil. In addition, substantial reduction in energy costs for both businesses and residents and stimulation of domestic economic growth and development.

For the few states that have not yet passed the pace financing legislation, they should consider doing so sooner to not only capitalize on the opportunities generated by the program but also to ensure they are not left behind in combating oil dependence and nurturing better and cleaner living spaces and places.